Real bite the dust in Mubadala legal battle
The
LaLiga club
Real Madrid CF have lost a $440 million court battle with the Abu Dhabi sovereign investor
Mubadala over the proposed sponsorship of its home ground – the
Santiago Bernabéu Stadium in Madrid, Spain – sources with knowledge of the case informed.
‘Reuters’ stated that
Real Madrid had claimed 400 million euros ($440 million) from Mubadala because it said the Abu Dhabi sovereign investor failed to honor a sponsorship deal under which it would acquire rights to name the Real Madrid residence – the
Santiago Bernabéu Stadium in Madrid, Spain – for 20 years.
Nice little legal win for Khaldoon et al.